Part 1[4]
With Table 1 and any other relevant data, work out the price elasticity of demand for bottled water when the price fell.
Business 9609 · AS & A Level · The nature of marketing
The nature of marketing — practice question
Worked solution & mark scheme
This 4-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Correct final PED figure (−3.33 or 3.33 if the sign is ignored), shown either with working or without working” …
- Full mark scheme, point by point
- Step-by-step worked solution
- Write your answer & get it marked instantly by AI